RISE OF MODERN WEST –II

CA – PRESENTATION
TOPIC – MERCANTILISM AND EUROPEAN ECONOMICS [THE DUTCH REPUBLIC]
NAME – NANDANI
ROLL NO. – 22/HIS/35
SEMESTER -4
COURSE-B.A [HONS.] HISTORY
SUBMITTED TO – DR. PRAGATI MOHAPATRA
What we'll discuss
1 .CONCEPT OF MERCANTILISM
2. SALIENT FEATURES OF
MERCANTILISM
3. THE BACKGROUND OF THE RISE OF
MERCANTILISM
4. MERCANTILISM IN EUROPEAN
COUNTRIES – DUTCH
5. EFFECTS OF MERCANTILISM
 Concept of mercantilism-

-Defination
-Different names in different
areas
-mercantilist thinkers
Salient features of mercantilism-
Boosting national power and wealth

gold and silver importance

Favourable trade balance

Maximizing trade share

Self sufficiency
developing agriculture
sea power and colonies
large population
minimizing luxury and saving money
The Background of the rise of Mercantilism-

Strong Sense of belonging.

events like - Renaissance, the decline of feudal lords, and the
start of exploration played major role .
Nations saw themselves as separate in politics, religion, and
economy.
Mercantilism and European economics

The Dutch republic

 Effects of mercantilism
1) 2)
Colonies were seen
Mercantilism feuled as serving the
the imperialism interests of their
mother countries,
3) 4)
rivalries and Restrictions on
wars between purchasing finished
nations 5) good
Mercantilist policies caused tensions between Britain and its American colonies,
 Conclusion
In conclusion, the 17th century witnessed the rise of mercantilism in European countries, driving
imperial expansion, trade restrictions, and economic rivalries. While it provided impetus for
colonial endeavors and economic regulation, it also led to conflicts, high prices, and tensions with
colonies. Mercantilism's emphasis on trade balance and state control drew criticism from figures
like Adam Smith for its limitations on economic growth and distribution of wealth. Ultimately,
mercantilism left a significant mark on European economies and colonial enterprises during this
period.
 References
Meenaxi phulan,rise of the modern West
george.w.southgate , English economic history

https://en.m.wikipedia.org/wiki/Mercantilism
https://egyankosh.ac.in/handle/123456789/77518
Your https://www.britannica.com/money/mercantilism text
Thank You for
listening!